Jenée Tibshraeny: Wellington Business Editor on the Crown recapitalising the Reserve Bank
The Crown has started recapitalising the Reserve Bank.
It comes after the Government provided a backstop for the bank to buy bonds at the start of the pandemic.
Now the value of these bonds has fallen, and the change in value is worth $8.8 billion.
Wellington Business Editor Jenée Tibshraeny joined Heather du Plessis-Allan.
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